Back in February 2014, the CEO at the time (Benmosche) announced that the Full Year 2013 after-tax operating income was another successful milestone. But alongside with it is the ongoing Reduction in Force (RIF). Jobs are being off shored outside the United States. You are then given the task to actually train your replacement from another country during the shadowing process. If you’re being laid-off, why do you have to train your replacement? It’s like a slap in the face for the current employee being laid-off.
To add insult to the injury, is the Relative Performance Ratings (RPR) process. This system still continues to lower the morale of the employees of this company year after year after year since the Bail Out. There are still no Base Salaries increases, not even a measely 1% since 2008 for the majority of the employees. There is a lot of inequality. It's really degrading and distasteful when we see our RPR result every year and then on one side, the Executives are getting huge bonuses amidst our restricted base salaries and lay-offs.
For the common worker, no base salary increase leads to no change in overtime rate; your Pension, SS and Medicare contributions are affected; your cost of living, etc.